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Dec 28, 2012
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people are not propose iing mak the taxes like them. john boehner could not even pass the tax proposal he passed over there. he said no, can't do that. didn't he bring it up for a vote? >> tonight, speaker boehner's office put out this statement. >> joining me now are our guests. clearly the positioning game continues. harry reid saying we did our job months ago. do you think we til would be@posturing stage at the end of that white house meeting tomorrow? >> in your introduction you made the fundamental point here which is that this agreement before the end of the year, simply cannot go forward unless john by nor is willing to let it do so with majority democrats in the house. if we go over the curve as you put it, they can vote for a large tax decrease becaused off of the new rates that would be reset. they can say we votes to cut taxes for 98% of households. but it is the only scenario that i cap see out there in the near term. >> the building that read has passed. let's lis ep to what mitch mcconnell said about that? >> the senate bi
people are not propose iing mak the taxes like them. john boehner could not even pass the tax proposal he passed over there. he said no, can't do that. didn't he bring it up for a vote? >> tonight, speaker boehner's office put out this statement. >> joining me now are our guests. clearly the positioning game continues. harry reid saying we did our job months ago. do you think we til would be@posturing stage at the end of that white house meeting tomorrow? >> in your...
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Dec 22, 2012
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we don't want to raise taxes on anybody. we don't want to raise taxes on millionaires. we don't want the raise taxes on people who make $50,000 or $20,000. that's a core principle because the problem with the budget is spending. >> you have the final word. i've got run, unfortunately. but think thank you, joy reid. >> thank you, stephen moore. >> thank you. >> thank you. >> when we return, let me finish "zero dark thirty," the great movie about getting bin laden, and the difference one person can make. you're watching "hardball," the place for politics. >>> last night here in new york city i saw the movie "zero dark thirty." the film gets its wide release on january 11. i thought it lived up to the hype. the catherine bigelow movie about the takedown of bin laden was spell binding, epithet conclusion, even though you know how it ends. but much of the advance attention has been focused on how the movie begins, the graphic depiction of an al qaeda prisoner being harshly interrogated. earlier this week three u.s. senators took issue with that sequence. they fear that ameri
we don't want to raise taxes on anybody. we don't want to raise taxes on millionaires. we don't want the raise taxes on people who make $50,000 or $20,000. that's a core principle because the problem with the budget is spending. >> you have the final word. i've got run, unfortunately. but think thank you, joy reid. >> thank you, stephen moore. >> thank you. >> thank you. >> when we return, let me finish "zero dark thirty," the great movie about getting...
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Dec 22, 2012
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we don't want to raise taxes on anybody. we don't want to raise taxes on millionaires. we don't want the raise taxes on people who make $50,000 or $20,000. that's a core principle because the problem with the budget is spending. >> you have the final word. i've got run, unfortunately. but think thank you, joy reid. >> thank you, stephen moore. >> thank you. >> thank you. >> when we return, let me finish "zero dark thirty," the great movie about getting bin laden, and the difference one person can make. you're watching "hardball," the place for politics. [ male announcer ] this is bob, a regular guy with an irregular heartbeat. the usual, bob? not today. [ male announcer ] bob has afib: atrial fibrillation not caused by a heart valve problem, a condition that puts him at greater risk for a stroke. [ gps ] turn left. i don't think so. [ male announcer ] for years, bob took warfarin, and made a monthly trip to the clinic to get his blood tested. but not anymore. bob's doctor recommended a different option: once-a-day xarelto®. xarelto® is the first and only once-a-day pr
we don't want to raise taxes on anybody. we don't want to raise taxes on millionaires. we don't want the raise taxes on people who make $50,000 or $20,000. that's a core principle because the problem with the budget is spending. >> you have the final word. i've got run, unfortunately. but think thank you, joy reid. >> thank you, stephen moore. >> thank you. >> thank you. >> when we return, let me finish "zero dark thirty," the great movie about getting...
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Dec 27, 2012
12/12
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so you need policy consensus, some tax reduction, some investment and education, and some tax breaks that will help sort of states specialize in different industries and attract them. >> let's end where we started. some criticisms coming out from ips saying the president has left some things on the table here. the estate taxes one of those that they bring to bear here. they also talk about hedge fund managers specifically being ability to get favorable tax rates there, too. how has the administration done with this? >> it's sort of paralysis on this issue. you know, the administration -- the republicans -- what we seed with a fiscal cliff and what we saw in our series is the ability to create consense politically is hurting us tremendously, economically. the earlier guest was talking about how these are self-inflected problems, and that's what's happening. tax rates will go up across the board. the condition does look like it will slip back, and it's a global change in the economy. again people with skills competing globally and doing very very well at the top. we're not addressing f
so you need policy consensus, some tax reduction, some investment and education, and some tax breaks that will help sort of states specialize in different industries and attract them. >> let's end where we started. some criticisms coming out from ips saying the president has left some things on the table here. the estate taxes one of those that they bring to bear here. they also talk about hedge fund managers specifically being ability to get favorable tax rates there, too. how has the...
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Dec 22, 2012
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we're going to have the votes to pass both the tax -- permanent tax relief bill, as well as the spending reduction account. >> i am not convinced at all that when the bill passes the house today, that it will die in the senate. >> you know, the bill never got to the senate because it never passed the house because it turns out you guys didn't have the votes to pass it in the house. and the most important thing here is that you thought you did. you counted wrong. you thought you had the votes and you didn't. you did not know that you were going to lose that vote on your own legislation because of the votes of your own side. you didn't know you were going to lose it until you started to lose it, and then you had to shut everything down at emergency speed. whether you prefer the policies of john boehner or you prefer the policies of nancy pelosi, if you just compare them, technocratically speaking, nancy pelosi never lost a vote. she never once got so confused and lost control of the group she was supposed to be leading, she never got caught out saying something was going to pass. she never
we're going to have the votes to pass both the tax -- permanent tax relief bill, as well as the spending reduction account. >> i am not convinced at all that when the bill passes the house today, that it will die in the senate. >> you know, the bill never got to the senate because it never passed the house because it turns out you guys didn't have the votes to pass it in the house. and the most important thing here is that you thought you did. you counted wrong. you thought you had...
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Dec 23, 2012
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republicans can do tax reform more straight forwardly and the president can do his own version of tax policy and spending policy but that would have to be done quickly. >> peter, you write that you want the discussion, the deal to be tax hikes and entitlement reform. do you want it to be more comprehensive than that or are those two the key elements? >> at this point, those are the two key elements. one is necessary for resolving the fiscal cliff. the other is significant to getting a debt limit increase. we really need to do both. i agree, we'll have a deal by mid to late january by the latest. but the risk in that, a half-hearted deal. an opportunity to do a bigger, much more ambitious deal and that is what i think we should be seeking. >> that deal would be tax reform plus entitlement reform or how important to you think this whole idea of comprehensive tax reform is? >> i think it's desirable and easier to say and hard to do. in the meanwhile, useful from my perspective to lock in some additional revenue to help on the medium term deficit. >> people on the left this whole idea of
republicans can do tax reform more straight forwardly and the president can do his own version of tax policy and spending policy but that would have to be done quickly. >> peter, you write that you want the discussion, the deal to be tax hikes and entitlement reform. do you want it to be more comprehensive than that or are those two the key elements? >> at this point, those are the two key elements. one is necessary for resolving the fiscal cliff. the other is significant to getting...
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Dec 22, 2012
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everybody gets to vote for a tax cut, obama tax cuts but they are tax cuts. >> here's the deal. it was president obama, he has to realize he won the election but the house of representatives, the republicans won the house of representatives. and he has to go back and turn the negotiations and, one thing, the republicans will not allow for a tax increase and are like that defensive line, the go line and, basically president obama cannot get in, and there is -- what we know is the republicans have agreed to increasing tax revenue but we need to have the spending cuts. if we don't get them under control, what will happen is, we are seeing consumer sentiment is done and businesses uncertain and the economy will stay sluggish and not grow. >> rick: richard, last word, 20 seconds. does the president move at all on entitlements and spending cuts republicans are demanding? >> my forecast is, we'll end up with increased taxes after january 1. for people making $500,000 and over and again, most republicans east see that as a cut and i think the president put spending cuts, medicare, medic
everybody gets to vote for a tax cut, obama tax cuts but they are tax cuts. >> here's the deal. it was president obama, he has to realize he won the election but the house of representatives, the republicans won the house of representatives. and he has to go back and turn the negotiations and, one thing, the republicans will not allow for a tax increase and are like that defensive line, the go line and, basically president obama cannot get in, and there is -- what we know is the...
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Dec 22, 2012
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do a tax cut before it expires. we have said for weeks it would be a lot easier for republicans after the tax cuts to come and vote for the 98% below and say, hey, we took the best tax cut deal we can. >> jared, i think that many in the country, and i speak to folks every day for three hours a day. i think that many were hoping for so much more. republicans and democrats, who took a look at that year-long effort, simpson-bowles, and thought it had some attractive qualities because there was equal pay. you know, the military was getting cut, entitlements were being reformed, taxes were being altered. we're nowhere near any of that now. >> put me on that list. i maybe a hard core policy wonk but we're exactly where they are. i think compromise is the only way we get from where we are to where we need go, and what i've tried to stress and the president has been good on this lately as well. we actually have an economic recovery. it's not strong yet, but it's starting to gain some traction. and the idea that you would ga
do a tax cut before it expires. we have said for weeks it would be a lot easier for republicans after the tax cuts to come and vote for the 98% below and say, hey, we took the best tax cut deal we can. >> jared, i think that many in the country, and i speak to folks every day for three hours a day. i think that many were hoping for so much more. republicans and democrats, who took a look at that year-long effort, simpson-bowles, and thought it had some attractive qualities because there...
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Dec 22, 2012
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rates to go up and republicans don't want tax rates to go up. the best way to address our crippling debt is to make significant spending cuts and fix our tax code, to pave the way for long-term growth and opportunity. >>> nbc's kristin welker is traveling with the president in hawaii and kristin, the president you are just learning he thinks some time off could do everyone some good here. >> that's right. on friday when president obama spoke to the nation before he left to come to hawaii he urged members of congress to take these days off during the holidays, to cool off and to gain some perspective. here's more of what president obama had to say. take a listen. >> so, as we leave town for a few days to be with our families for the holidays i hope it gives everybody some perspective. everybody can cool off. everybody can drink some eggnog, have some christmas cookies and sing some christmas carols, enjoy the company of loved ones. >> now the president also conceded that given the time crunch, there's probably not enough time to get a large deal
rates to go up and republicans don't want tax rates to go up. the best way to address our crippling debt is to make significant spending cuts and fix our tax code, to pave the way for long-term growth and opportunity. >>> nbc's kristin welker is traveling with the president in hawaii and kristin, the president you are just learning he thinks some time off could do everyone some good here. >> that's right. on friday when president obama spoke to the nation before he left to come...
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Dec 22, 2012
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he wants more spending and tax hikes and that will hurt our economy . he refuses to challenge the members of his family to deal with entitlementriform and the big issues that are facing our nation. president obama said a deal could be reached but that appears unlikely. he took off for hawaii and landed with his family for a shorter than usual christmas break. he said he is it a hopeless optmist. he is scaling back and pushing for a tax cut for the middle class and calling for compromise. it can only pass from democrats and republicans and no one gets 100 percent of what they want. everyone has to give a bit in a sensible way. we move forward together or not at all. in addition to making bush era tax cuts permanent for the middle class. let president want to preserve unemployment benefits if congress doesn't act. that know amount to an achievable goal and something that can get dun before the end of the year. >> steve, thank you for that. and now turning to the scathing report against the state department. it is fueling out a debate over what they call t
he wants more spending and tax hikes and that will hurt our economy . he refuses to challenge the members of his family to deal with entitlementriform and the big issues that are facing our nation. president obama said a deal could be reached but that appears unlikely. he took off for hawaii and landed with his family for a shorter than usual christmas break. he said he is it a hopeless optmist. he is scaling back and pushing for a tax cut for the middle class and calling for compromise. it can...
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Dec 22, 2012
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republicans are fighting any tax increases at all, but he had a warning, too, and said it is not the time for more self-inflicted wounds. he knows the consequences of america going off the cliff. >> presumably, it is also not the time for more political posturing. we've had months now of this political theater. and the markets are reacting. they have closed down. surely the financial crisis is now upon us. >> that is absolutely true. he said actually american people understand the need for compromise, doing a deal on all sorts of things in life. he said that their elected representatives do not follow the same pattern of behavior and should start doing that. he is conceding that america currently has a dysfunctional political system in washington, and it is taking it to the edge of the fiscal cliff with all the consequences that we know will follow. the consequences are being revealed in the reaction of the markets here in america and in europe. people know the recession could follow if they do not do a deal, and that is why he is trying to get one. >> thank you very much for joining
republicans are fighting any tax increases at all, but he had a warning, too, and said it is not the time for more self-inflicted wounds. he knows the consequences of america going off the cliff. >> presumably, it is also not the time for more political posturing. we've had months now of this political theater. and the markets are reacting. they have closed down. surely the financial crisis is now upon us. >> that is absolutely true. he said actually american people understand the...
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Dec 22, 2012
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the plan would have raised taxes on income over $1 million. he says it is now up to president barack obama to come up with a solution. >> what could that mean for ordinary americans? our reporter went to find out. >> store manager jennifer thomas sells trendy designer fashions at her boutique in the u.s. capitol, washington, d.c. it is a tough business. competition is fierce, and it could get worse if the u.s. were to slip over the fiscal cliff. automatic tax hikes across the board would mean less disposable income for american consumers. >> i think our biggest concerns here are we will not be seeing people purchase as many items as they have in the past. we will see people buy jeans and a top, but they will not buy an additional pair of jeans or a dress on top of that. >> many customers are already pinching pennies. >> it has put a lower ceiling than normal on what we can spend for the holidays, our expenditures for our home, our plans for next year, with trips we may or may not go on. >> but the budget control act leading to the fiscal cliff
the plan would have raised taxes on income over $1 million. he says it is now up to president barack obama to come up with a solution. >> what could that mean for ordinary americans? our reporter went to find out. >> store manager jennifer thomas sells trendy designer fashions at her boutique in the u.s. capitol, washington, d.c. it is a tough business. competition is fierce, and it could get worse if the u.s. were to slip over the fiscal cliff. automatic tax hikes across the board...
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inability to provide liquidity for the market greece may be preparing for another year of painful cuts and tax hikes but for a while the outer con where the global economy stands at the end of twenty twelve you can tune into the kaiser report later today here in arctic. it's five years since the beginning of the global financial collapse governments are eating their own vomit central banks are smoking their own belly button land and still don't know whether we deflation inflation hyper inflation since you haven't. we have crazy fallaciously we're going to try to determine it a little bit closer to whether we have inflation deflation hyperinflation. the fear money fairy queen. or some other international news in brief for you this hour. hundreds of students have again clashed with police in chile what's brought me here in the heart of protest leaders of the student movement say they're fed up with. private universities students who won a major victory two days ago she was just dismissed as toys to want. to resign corruption scandal. lisa protesters have clashed in india's capital leaving severa
inability to provide liquidity for the market greece may be preparing for another year of painful cuts and tax hikes but for a while the outer con where the global economy stands at the end of twenty twelve you can tune into the kaiser report later today here in arctic. it's five years since the beginning of the global financial collapse governments are eating their own vomit central banks are smoking their own belly button land and still don't know whether we deflation inflation hyper...
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deadlock over debt and spending is seeing the us towards a fiscal cliff that would trigger widespread tax rises and government cuts on new year's day well to tackle a fast approaching deadline congress members have gone on holiday. has been out in the baths to find anyone who thinks they deserve the break. as many hard working americans look forward to taking a break from the grind so does congress did they deserve a holiday this week let's talk about that we're talking today about congress because they're take their break right now you're already rolling your eyes i've only just said the word it's awful what you can do they don't do anything and they're taking a break well yeah because that's what they do they don't do anything and they're going to do you think that they have been working hard enough to deserve a holiday never and i won't say anymore because it'll be a bad word of those going to go out and kick the can down the road a little bit for the next year yeah and nothing's going to change something may change but there's going to. do you work more than one hundred forty days a y
deadlock over debt and spending is seeing the us towards a fiscal cliff that would trigger widespread tax rises and government cuts on new year's day well to tackle a fast approaching deadline congress members have gone on holiday. has been out in the baths to find anyone who thinks they deserve the break. as many hard working americans look forward to taking a break from the grind so does congress did they deserve a holiday this week let's talk about that we're talking today about congress...
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to provide liquidity for the markets so gruesome over appearing for another year of painful cuts and tax hikes but for a wider outlook on where the global economy stands at the end attorney twelve we voted to do the kaiser report ten minutes from now it is a taster. then five years since the beginning of the global financial collapse governments are eating their own vomit central banks are smoking their own belly button lead analyst still don't know whether we deflation inflation hyper inflation. trying to unravel it it's world news before that a suicide blast during a political rally in northwest pakistan has left nine dead and wounded twenty five a provincial cabinet minister as well as his secretary and police chief are among those killed in the incident a pakistani military group linked to the taliban has claimed responsibility for the attack at least protestors of india's capital leaving several people injured the demonstrators of calling for the death penalty to be handed that the six men who are accused of gang rape in the brutal beating of a twenty three year old student governme
to provide liquidity for the markets so gruesome over appearing for another year of painful cuts and tax hikes but for a wider outlook on where the global economy stands at the end attorney twelve we voted to do the kaiser report ten minutes from now it is a taster. then five years since the beginning of the global financial collapse governments are eating their own vomit central banks are smoking their own belly button lead analyst still don't know whether we deflation inflation hyper...
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Dec 23, 2012
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. >> like to move on to the issue bigger committee tackled yesterday, which is the september 11 tax on the u.s. mission and an x in benghazi. -- attacks on the u.s. mission and annex in benghazi. three other officials were placed on administrative leave. it may or may not be disciplined. are you satisfied that the investigation is done? >> the most important thing is not whether or not the president called it a terrorist attack or anything like that. the most important thing is to nsure that no, benghazi's happen in the future. there were plenty of mistakes to report. in the future, that the coordination is better and we do not make the same mistakes. that is the most important thing. it was a mistake for mitt romney to use this as a political thing during the campaign. i think foreign policy should be bipartisan to the extent that is possible, and in a time of tragedy, americans need to rally around -- rally together and not try to use it for political, partisan purposes. we need to dissect it, see what happened and make sure it never happens again. there were recommendations that wer
. >> like to move on to the issue bigger committee tackled yesterday, which is the september 11 tax on the u.s. mission and an x in benghazi. -- attacks on the u.s. mission and annex in benghazi. three other officials were placed on administrative leave. it may or may not be disciplined. are you satisfied that the investigation is done? >> the most important thing is not whether or not the president called it a terrorist attack or anything like that. the most important thing is to...
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Dec 24, 2012
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the expiration of the tax cuts with a $2200 average tax high. the payroll tax cut would also expire meaning another $40 a paycheck and long-term unemployment benefits would end for 2 million americans. while these elements could have a recession-inducing effect, they could undo those measures shortly after the first of the year. estimations are if we do go over the cliff it would be the third quarter which the recession may hit. when be look at the issue of a -- the markets, however, may feel the brunt of the fiscal cliff fallout. the dow fell on friday after the deal failed the night before. last week fitch warned it may downgrade the u.s. credit rating if congress cannot reach a deal. some lawmakers are angling for the best political outcountry. >> when i listen to the president, i think he's eager to go over the cliff for political purposes. he gets all this additional tax revenue for new programs, gets to cut the military which democrats have been calling for for years, and he gets to blame republicans for it. implts joining me are off and o
the expiration of the tax cuts with a $2200 average tax high. the payroll tax cut would also expire meaning another $40 a paycheck and long-term unemployment benefits would end for 2 million americans. while these elements could have a recession-inducing effect, they could undo those measures shortly after the first of the year. estimations are if we do go over the cliff it would be the third quarter which the recession may hit. when be look at the issue of a -- the markets, however, may feel...
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greaseman of appearing for another year of painful cuts and tax hikes but for a wider look at where the global economy stands at the end of twenty twelve we waded into the kaiser report on air again here again seven thirty g.m.t. . it's been five years since the beginning of the global financial collapse governments are eating their own vomit central banks are smoking their own belly button lead analyst still don't know whether we deflation inflation hyper inflation since you haven't even we have crazy felician that we're going to try to determine this will get a little bit closer to whether we have inflation deflation hyperinflation in this was my dad served money fairy queen. on a more serious note international news in brief a suicide blast during a political rally in northwest pakistan has killed at least eight people and left twenty five wounded reports claim a provincial cabinet minister was critically wounded in the explosion is secretary police chief also apparently been killed in the pakistani militant group linked to the taliban's claimed responsibility. hundreds of students a
greaseman of appearing for another year of painful cuts and tax hikes but for a wider look at where the global economy stands at the end of twenty twelve we waded into the kaiser report on air again here again seven thirty g.m.t. . it's been five years since the beginning of the global financial collapse governments are eating their own vomit central banks are smoking their own belly button lead analyst still don't know whether we deflation inflation hyper inflation since you haven't even we...
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to provide liquidity for the market greece and maybe preparing for another year of painful cuts and tax hikes but for why the outlook on where the global economy stands at the end of twenty twelve you can tune in to the kaiser report next hour here on r.t. . and five years since the beginning of the global financial collapse governments are eating their own debt violent central banks are smoking their own belly button led an analyst still don't know whether we have deflation inflation hyperinflation pop since you haven't. we have crazy felician that we're going to try to determine this will get a little bit closer to whether we have inflation deflation hyperinflation in the fires my dad served the fear money fairy queen the. third. now to some other international news in brief this hour. hundreds of students have again lisa. here and a half a protest leaders of the student movement say they're fed up with no standard private university students won a major victory two days ago when chile's justice minister who has ties to one of the colleges was forced to resign over a corruption scanda
to provide liquidity for the market greece and maybe preparing for another year of painful cuts and tax hikes but for why the outlook on where the global economy stands at the end of twenty twelve you can tune in to the kaiser report next hour here on r.t. . and five years since the beginning of the global financial collapse governments are eating their own debt violent central banks are smoking their own belly button led an analyst still don't know whether we have deflation inflation...
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cut for of painful cuts and tax hikes but for a wider outlook on where the global economy stands at the end of the year or two and into the kaiser report later this hour here on r t here's what you can find there. it's been five cents the beginning of the global financial collapse governments are eating their own debt vomit central banks are smoking their own belly button led an analyst still don't know whether we deflation. and cheery note christmas for many means a time to give gifts but some of them may might not make it to next christmas so think twice before purchasing that novelty gift if you don't want it to end up in the trash artie's polly boyko explains. most of us know the problem for someone celebrating off to the twentieth christmas buying a present can be perplexing there's nothing they need or don't own already to the invention of your humorous christmas present for example the christmas jumper what happens to these presents the day off the christmas the ever been given us a christmas present every christmas and easter them away on boxing day. for me give it away beca
cut for of painful cuts and tax hikes but for a wider outlook on where the global economy stands at the end of the year or two and into the kaiser report later this hour here on r t here's what you can find there. it's been five cents the beginning of the global financial collapse governments are eating their own debt vomit central banks are smoking their own belly button led an analyst still don't know whether we deflation. and cheery note christmas for many means a time to give gifts but some...
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Dec 24, 2012
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what would the level be for taxes for revenue. in how much would be raised in revenue and what would it mean in new spending cuts? >> the spending cuts would be a trillion $450 billion. $2.6 trillion. couple that with the $1.1 trillion already done and you are at $3.7 trillion. and look, is it perfect? no. is it everything we he hoped for? >> no. does it match what bowles simpson did? no. on an even comparison bowles simpson would be $5.3 trillion. >> chris: let me ask you one last quick question. are you saying that you don't like the president's plan? >> look, it may come to that but i would hope that we would have one last attempt here to do what everyone knows needs to be done. which is a larger plan that really does stablize the debt and get us moving in the right direction and does it in it a way that is cognizant that we have an economy that is recovering, that still is weak and we don't slam it. we don't slam on the brakes here in a way that puts us back into recession, that increases jobless rate to 9.1%. >> chris: let me
what would the level be for taxes for revenue. in how much would be raised in revenue and what would it mean in new spending cuts? >> the spending cuts would be a trillion $450 billion. $2.6 trillion. couple that with the $1.1 trillion already done and you are at $3.7 trillion. and look, is it perfect? no. is it everything we he hoped for? >> no. does it match what bowles simpson did? no. on an even comparison bowles simpson would be $5.3 trillion. >> chris: let me ask you one...
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Dec 27, 2012
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the alternative minimum tax which all of us, again, agree should not apply to 26 million americans. we agree on that. let's vote on that. let's create that certainty and move forward. let's create a path to move forward to deal with comprehensive tax policy in a fair and responsible way and let's deal with the deficit and the balance in a fair away. john boehner basically said no to all of that. and that's really not acceptable leadership. >> is there any -- should harry reid amend the bill that the house sent over at all? the fact is, harry reid has -- needs to add republican cooperation. he wants to say, look, this isn't a game. this isn't show. you know, i can bring out a bill, pass a bill. if john boehner says i'm not going to look at that, what's the point? let's make something happen here. that is what the american people are looking for. we're concerned about the fiscal and economic policies. there's a recovery period that we're experiencing to put more challenges before the economy both consumers and investors. let's create certainty. let's make sure that we pass tax cuts fo
the alternative minimum tax which all of us, again, agree should not apply to 26 million americans. we agree on that. let's vote on that. let's create that certainty and move forward. let's create a path to move forward to deal with comprehensive tax policy in a fair and responsible way and let's deal with the deficit and the balance in a fair away. john boehner basically said no to all of that. and that's really not acceptable leadership. >> is there any -- should harry reid amend the...
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Dec 23, 2012
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no taxes for people below but taxes above. he won. 60% of the voters said they were for it in the exit polls including some republicans. >> reporter: there is also a lot of skepticism among lawmakers. senator joe lieberman said he thinks the country is closer than ever to going over the cliff. the last time interestingly that lawmakers worked between the christmas holiday and new year's was in 1996. that is, of course, when they were dealing with the government shut down. politics will be put aside this morning. the president, a lot of members of congress will be attending that memorial service for the late senator. >> kristen welker in hawaii. we will check in with you again later in our show. >>> from the fiscal cliff to gun control nra executive vice president was on "meet the press" this morning and here is part of what he said. >> i don't understand why you can't just for a minute imagine that when that horrible monster tried to shoot his way into sandy hook school that if a good guy with a gun would have been there he mi
no taxes for people below but taxes above. he won. 60% of the voters said they were for it in the exit polls including some republicans. >> reporter: there is also a lot of skepticism among lawmakers. senator joe lieberman said he thinks the country is closer than ever to going over the cliff. the last time interestingly that lawmakers worked between the christmas holiday and new year's was in 1996. that is, of course, when they were dealing with the government shut down. politics will be...
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Dec 22, 2012
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large deal, he is at this point urgenting members of congress to work together to at least prevent taxes from going up. he had has acknowledged that there's not enough time to get a large sweeping deal done. he said yesterday, members of congress should take the days of vacation to cool offer, and gain perspective and come back ready to work to get something done. will it happen? we will have to wait and see, the clock is ticking on these negotiations. richard? >> joining us now is mark murray, he is the senior political editor. mark, when we look at the after plan-b failed, what are some of the scenarios that you worked out as we look forward to the limited days ahead of us. the first is what was laid out, it's a quick fix that you end up having. it would originate in the senate and it was no surprise that harry reid was meeting yesterday, it would be a short-term fix to prevent the fiscal cliff. the other is the grand bargain, and time is running out, it's unlikely you will get something like that, however, there's a chance that john boehner and republicans say, mr. president, the last
large deal, he is at this point urgenting members of congress to work together to at least prevent taxes from going up. he had has acknowledged that there's not enough time to get a large sweeping deal done. he said yesterday, members of congress should take the days of vacation to cool offer, and gain perspective and come back ready to work to get something done. will it happen? we will have to wait and see, the clock is ticking on these negotiations. richard? >> joining us now is mark...
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Dec 22, 2012
12/12
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. >> the president was referring to legislation that would prevent a middle class tax hike and would protect unemployment insurance. he spoke after talking by phone with house speaker john boehner and meeting with senate majority leader. >>> the dow industrials dropped 120 points. the nasdaq fell 29. we also saw a number of conflicting economic reports that experts say suggests the economy is not sure where it's going top our consumer editor tom vacar is in san francisco's financial district with some explanations. >> reporter: there are two winds. those that are blowing and the much more important economic cross winds. for the overall economy most critical shopping days are ahead of us. >> i'm very cautious about how i spend now but i can imagine that spending if something like this happens. it will definitely affect how i spend my money. >> reporter: that worries consumertologist psychologist. >> the drop in consumer confidence has everything to do with the fiscal cliff. what we're seeing is that consumers really don't have a sense of trust that they're safe. they're wondering abou
. >> the president was referring to legislation that would prevent a middle class tax hike and would protect unemployment insurance. he spoke after talking by phone with house speaker john boehner and meeting with senate majority leader. >>> the dow industrials dropped 120 points. the nasdaq fell 29. we also saw a number of conflicting economic reports that experts say suggests the economy is not sure where it's going top our consumer editor tom vacar is in san francisco's...
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Dec 23, 2012
12/12
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FOXNEWSW
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we just need to tax more rich people. i asked them what is a fiscal cliff and, of course, none had any idea. you can see it on you tube .com/steven crowder. but, of course, i am a democrat. when i polled them over solutions. closing loopholes, the same people who claimed to be democrats turned out that they lined up with republicans on almost all of the individual solutions. when i asked people they were more concerned with not being seen as a republican than giving the right answers or coming up with solutions. oh, dear lord i'm not a republican. >> judge jeanine: what is interesting when you talk about language and categories and all that, it was like when boehner talks about all of this economic this, that and the other thing and the president obama talks about christmas, the holidays and families struggling. you know, now you got the two of them saying a resolution can only be reached by both sides of the aisle working together. let's hear this one. >> avoiding this tax hike is not a democratic responsibility or repub
we just need to tax more rich people. i asked them what is a fiscal cliff and, of course, none had any idea. you can see it on you tube .com/steven crowder. but, of course, i am a democrat. when i polled them over solutions. closing loopholes, the same people who claimed to be democrats turned out that they lined up with republicans on almost all of the individual solutions. when i asked people they were more concerned with not being seen as a republican than giving the right answers or coming...
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Dec 27, 2012
12/12
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tax patch purpose and those are xhenkful. i'll still hike to see more spending cuts. >> what does the president need to do to get you to virtually come to the people and vote yes. the helicopter has to get off the platform since the election, solving or debt and deficit problem knows that you can't cole of our debt problem before it is not faeblible. >> the president arrived at 3310:00 am and made calls to the house and senate leadership as the negotiations continued. do you sense, sir, there is a period of compromise, where nobody was talking and everybody was holding the ground firmly? do you have a greater sense of comp moise as we into -- the speaker said the president didn't next any dale or the compromise so i ge he'll take that up in the shat, hopefully vote for it. >> part part of the problem last week was the conservative wing of the party that i put you in for plan "b," and it was seening a something of a mutiny against john boehner at that point. so i'ming what is do you feel the support think of wing of the part i
tax patch purpose and those are xhenkful. i'll still hike to see more spending cuts. >> what does the president need to do to get you to virtually come to the people and vote yes. the helicopter has to get off the platform since the election, solving or debt and deficit problem knows that you can't cole of our debt problem before it is not faeblible. >> the president arrived at 3310:00 am and made calls to the house and senate leadership as the negotiations continued. do you sense,...
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Dec 22, 2012
12/12
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coming up, the president's message to congress today in hopes of avoiding tax hikes and spending cuts. >>> different solution to gun violence. what this man says it is time to do about guns and his push to make it happen. >> a foot of new snow in the sierra, the storm that caught drivers off guard. >> and our coverage continues, mark tamayo will have the already forecast. forecast-- will have the holiday forecast. Ño [ bells ] >>> the names of each victim killed in the connecticut school shooting at sandy hook elementary school in newton, connecticut were read today. mourners observed a moment of silence to mark one week. many gathered in the rain outside the school to pay respects. >>> the head of the national rifle association layed out a plan to stop the killings. ktvu's eric rasmussen found one man who is leading a different fight to treat gun violence as a public health epidemic. >> reporter: he is one of hundreds of petitions that sprung up since the tragedy at sandy hook elementary school. >> reporter: as the national rifle association took the podium in washington. >> the onl
coming up, the president's message to congress today in hopes of avoiding tax hikes and spending cuts. >>> different solution to gun violence. what this man says it is time to do about guns and his push to make it happen. >> a foot of new snow in the sierra, the storm that caught drivers off guard. >> and our coverage continues, mark tamayo will have the already forecast. forecast-- will have the holiday forecast. Ño [ bells ] >>> the names of each victim killed...
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preparing for another painful year of cuts and tax hikes but for a wider outlook on where the global economy stands at the end of twenty twelve treated the cries reports like this are in fact an artery it's been five years since the beginning of the global financial collapse governments are eating their own debt vomit central banks are smoking their own belly button lead analyst still don't know whether we have an inflation hyper inflation since you haven't maxed maybe we have crazy felician that we're going to try to determine this will get a little bit closer to whether we have inflation deflation hyperinflation in that as my dad served to figure out money fairy queen is. because reports of tonight the international using brief suicide blast to a political rally in northwest pakistan least eight people and left twenty five wounded reports claim a provincial cabinet minister was critically wounded in the explosion there is circuitry the police chief of also apparently been killed in the incident a pakistani militant group linked to the taliban's claimed responsibility for the attack
preparing for another painful year of cuts and tax hikes but for a wider outlook on where the global economy stands at the end of twenty twelve treated the cries reports like this are in fact an artery it's been five years since the beginning of the global financial collapse governments are eating their own debt vomit central banks are smoking their own belly button lead analyst still don't know whether we have an inflation hyper inflation since you haven't maxed maybe we have crazy felician...
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Dec 22, 2012
12/12
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so there is absolutely no rea n reason, none, not to protect these americans from a tax hike. at the very least, let's agree right now what we already agree on. let's get that done. >> what the president has offered so far simply won't do anything to solve our spending problem and begin to address our nation's crippling debt. instead, he wants more spending, more tax hikes that will hurt our economy. >> bottom line, right now we're hearing a lot less talk about some sort of a grand bargain. and instead, maybe some stopgap measures to give some certainty to americans before that end of the year deadline. randi? >> and is it just the taxes that's holding out the agreement or something more at this point? >> it's hard to know exactly. it seems like the biggest sticking point that we are hearing discussed publicly remains those taxes. $250,000 that americans make before their tax, 400,000, $1 million, that number has been shifted back and forth a little bit over the past week. what we've seen still hasn't given us any sure answers. randi? >> what's the hope here at this point? whe
so there is absolutely no rea n reason, none, not to protect these americans from a tax hike. at the very least, let's agree right now what we already agree on. let's get that done. >> what the president has offered so far simply won't do anything to solve our spending problem and begin to address our nation's crippling debt. instead, he wants more spending, more tax hikes that will hurt our economy. >> bottom line, right now we're hearing a lot less talk about some sort of a grand...
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gracefully preparing for another year of painful cuts and tax hikes them but for a wider outlook where the global economy stands at the end of twenty twelve we ask each of the cards report to get a moment thirty pm g.m.t. . it's been five years since the beginning of the global financial collapse governments are eating their own vomit central banks are smoking their own belly button land and analyst still don't know whether we have deflation inflation hyperinflation. more of that shortly now the world news in brief a suicide blast during a political rally in northwest pakistan nine more than twenty wounded among those killed in the instant were a provincial government official as well as the secretary of pakistani military group linked to the taliban's claimed responsibility for the attack. in protest of these powerful leaving several people injured demonstrators are calling for the death penalty to be handed down to six men accused of gang rape and the brutal beating of a twenty three year olds to the indian government seeking life in prison for you saying. i i for israel the new year
gracefully preparing for another year of painful cuts and tax hikes them but for a wider outlook where the global economy stands at the end of twenty twelve we ask each of the cards report to get a moment thirty pm g.m.t. . it's been five years since the beginning of the global financial collapse governments are eating their own vomit central banks are smoking their own belly button land and analyst still don't know whether we have deflation inflation hyperinflation. more of that shortly now...
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Dec 27, 2012
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they wouldn't restore tax cuts. combination would be too severe of the spending cuths with all the tax cuts gone. that becomes the enormous fight. you do get up involved in late january or late february with the revenue. it's an enormous fight, amount we raise the debt creeling to amount they cut debt ceiling. a fight that obama should not want to have. it's interesting to me if he doesn't act in the next couple of days with what charles calls a generous deal he gets himself in to really unstable waters, economically. something we have never seen before. then we look at the global waters rattling toward real default, not the january 1 cliff. republicans would be blamed initially but he would be blamed ultimately. >> this argument and is so ethereal with the numbers baptered back and forth they can't grasp it. one component is the farm bill that expires at the end of this lame duck session if it expires and we go to 1949 formula for calculating milk price supports. back in 1949, most cows in the country were milked b
they wouldn't restore tax cuts. combination would be too severe of the spending cuths with all the tax cuts gone. that becomes the enormous fight. you do get up involved in late january or late february with the revenue. it's an enormous fight, amount we raise the debt creeling to amount they cut debt ceiling. a fight that obama should not want to have. it's interesting to me if he doesn't act in the next couple of days with what charles calls a generous deal he gets himself in to really...
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Dec 22, 2012
12/12
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coming up, the president's message to congress today in hopes of avoiding tax hikes and spending cuts. >>> different solution to gun violence. what this man says it is time to do about guns and his push to make it happen. >> a foot of new snow [ bells ] >>> the names of each victim killed in the connecticut school shooting at sandy hook elementary school in newton, connecticut were read today. mourners observed a moment of silence to mark one week. many gathered in the rain outside the school to pay respects. >>> the head of the national rifle association layed out a plan to stop the killings. ktvu's eric rasmussen found one man who is leading a different fight to treat gun violence as a public health epidemic. >> reporter: he is one of hundreds of petitions that sprung up since the tragedy at sandy hook elementary school. >> reporter: as the national rifle association took the podium in washington. >> the only thing that stop as bad guy with a gun is a good guy with a gun. >> reporter: he was pushing a different solution. >> there are 30,000 people who die every year from gun violenc
coming up, the president's message to congress today in hopes of avoiding tax hikes and spending cuts. >>> different solution to gun violence. what this man says it is time to do about guns and his push to make it happen. >> a foot of new snow [ bells ] >>> the names of each victim killed in the connecticut school shooting at sandy hook elementary school in newton, connecticut were read today. mourners observed a moment of silence to mark one week. many gathered in the...
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Dec 27, 2012
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hour, dividend taxes are not taxed at 15% but are double taxed. companies have to pay taxes on their profits before distributing them as dividends. dividends are double taxed and will almost be triple taxed unless we do something in washington. all those million of dividend investors should be really angry. bad for them but it's bad for the economy. >> realistically though could we really expect it to go to 39.6, there's got to be some compromise in there somewhere. i wouldn't think the republicans would let it go much higher. >> you look at it. i don't think washington guess what this does. look at the effective rate. right now if i pay $1 as a public or private company and pay $1 a earnings as interest, it's taxed 18% higher effectively. >> right. >> so what does that do? that creates something called a debt bias. debt bias is bad for our economy. right now we have three things, too many debt in our economy, not enough job creation and need more income for retirees. tacking dividends is going to make all of those situations worse. >> to pare thi
hour, dividend taxes are not taxed at 15% but are double taxed. companies have to pay taxes on their profits before distributing them as dividends. dividends are double taxed and will almost be triple taxed unless we do something in washington. all those million of dividend investors should be really angry. bad for them but it's bad for the economy. >> realistically though could we really expect it to go to 39.6, there's got to be some compromise in there somewhere. i wouldn't think the...
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Dec 22, 2012
12/12
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lou: if there is no agreement, taxes will go up on all american taxpayers and hundreds of billions of dollars in automatic government spending cuts will kick in. potentially plunging the economy back into recession. after the boehner plan fails stock markets around the world reacted and reminded the president, congress, and the senate that morefalures of leaders and failures to reach compromise in washington will have on peasant and possly exceedingly painful consequences wall street today sold off sharply despite more positive news on an ecnomy that is now obviously growing and building momentum. the dow jones industrial fell 121 points. the s&p down 39 and a half, nasdaq lost 29 points to assess what is now a bright new economic prospects and the consequence of further gathering in irresponsibility in washington, we are joined by economist john lonski, noted fund manager and strategist harvey eisen, and in other news fromwashington tonight president obama nominating senator john kerry to be the next secretary of state with their views on kerry, benghazi, obama's foreign policy. we w
lou: if there is no agreement, taxes will go up on all american taxpayers and hundreds of billions of dollars in automatic government spending cuts will kick in. potentially plunging the economy back into recession. after the boehner plan fails stock markets around the world reacted and reminded the president, congress, and the senate that morefalures of leaders and failures to reach compromise in washington will have on peasant and possly exceedingly painful consequences wall street today sold...
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Dec 23, 2012
12/12
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what would the level be for taxes for revenue? how much would be raised in revenue, and, what would it mean in new spending cuts? >> the spending cuts would be $1,450 billion and, the revenue, 1,150 billion dollars and that is a combination of $2.6 trillion. and you couple that with the $1.1 trillion already done, and, you are at $3.7 trillion. and, look, is it perfect? no, everything we hoped for? no. does it match what bowles-simpson did? no. at an even comparison it would be $5.3 trillion. >> chris: you're in the weeds. let me ask you a quick question. are you saying you don't like the president's plan? >> look. it may come to that. but i would hope we'd have one last attempt here to do what everyone knows needs to be done. which is the larger plan that really does stabilize the debt, and get us moving in the right direction. and, does it in a way that is cognizant that we have an economy that is recovering, that is still weak. and, we don't slam it. we don't slam on the brakes here in a way that puts us back into recession. th
what would the level be for taxes for revenue? how much would be raised in revenue, and, what would it mean in new spending cuts? >> the spending cuts would be $1,450 billion and, the revenue, 1,150 billion dollars and that is a combination of $2.6 trillion. and you couple that with the $1.1 trillion already done, and, you are at $3.7 trillion. and, look, is it perfect? no, everything we hoped for? no. does it match what bowles-simpson did? no. at an even comparison it would be $5.3...